John Monarch, Shutdown by the SEC, Has Links to $100M+ Alleged Bank Fraud Scheme

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Resolved to stop John Monarch from hurting more people, Pennsylvania businessman Richard Gorman has vigorously pursued John Monarch for the past 7+ years.    Gorman, who helped contribute to this article, was the victim of a blackmail that is alleged to have been carried out by John Monarch, an unnamed co-defendant, and Karl Steinborn (who was held liable for $3.1M and subsequently committed suicide on Gorman’s birthday in 2016).

Monarch, in an act of self-preservation, outed an alleged co-defendant in discovery just months before going to trial.  This of course occurred right after admitting to destroying his phone and computer equipment that was requested for years in discovery.

Why would John Monarch, a computer scientist accused of a blackmail, ignore a preservation letter that demanded he not destroy his electronic equipment?    Monarch’s best friend and co-defendant, Karl Steinborn, openly admitted to destroying his electronics in the lawsuit after receiving the preservation letter.